Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 819,200 $ 460,800 cost of goods sold 485,000 299,520 direct expenses salaries 119,000 84,000 insurance 11,500 10,300 utilities 23,500 28,000 depreciation 19,500 13,000 maintenance 6,600 5,400 the company also incurred the following indirect costs. salaries $31,000 insurance 7,000 depreciation 14,600 office expenses 41,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 30,800 60 b 13,200 40 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b. (do not round intermediate calculations. round your final answers to nearest whole dollar.)

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.